Seeking Alpha

Huntington boosts Michigan footprint

  • Huntington Bancshares (HBAN) agrees to buy 11 branches in central and eastern Michigan, increasing its branch total in the state to 173, including 80 in the eastern region.
  • Total deposits purchased is about $450M for a deposit premium of 3.5%. The deal is expected to close in H2, subject to the usual conditions and regulatory approvals.
  • Press release
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